Why is Jeevan Scienti. falling/rising?

As of 15-Oct, Jeevan Scientific Technology Ltd is experiencing a significant rise in its stock price, currently at Rs. 60.69, which reflects an increase of Rs. 4.92 or 8.82%. The stock has been on an upward trend, gaining for the last 11 days and achieving a remarkable 78.97% return during this period. Today, it reached a new 52-week high of Rs. 61.84 and outperformed its sector by 8.74%. The stock's performance over various time frames shows a strong upward trajectory, with a 60.64% increase over the past month and a 47.56% rise over the past week, indicating robust investor interest and confidence.
In the broader market context, while the Sensex has only increased by 1.02% over the past week, Jeevan Scientific's performance significantly outpaces this benchmark, highlighting its strong relative strength. The stock's volatility today was high, with an intraday range of Rs. 9.84, suggesting active trading and investor engagement. Additionally, the stock is trading above its moving averages across multiple time frames, which is typically a bullish signal. The liquidity appears adequate for trading, as evidenced by the delivery volume, which has remained stable. Overall, the combination of strong recent performance, high volatility, and positive investor sentiment contributes to the stock's rising price.